Mumbai Financial News

KX Systems is planning to enter the India market and set up sales and research & development offices in Bengaluru and Mumbai, a top executive at the software firm said. The company wants to target Indian developers, IT firms and other enterprises as it plans to capture the country’s artificial intelligence market that is expected to touch $4.2 billion by 2030, chief executive Ashok Reddy said.

Oberoi Realty added. The plot of the land, which is to be redeveloped, is adjoining a property “already being redeveloped" by Oberoi Realty in a joint venture, the regulatory filing noted.

online edition on 25th – 26th October with leading international authors such as Salman Rushdie and Elif Shafak. The Festival will take place on ground from 27th – 29th October at the NCPA, Nariman Point and St Pauls Institute of Communication Education and Title Waves bookstore in Bandra. The Festival will maintain its hallmarks of inclusivity, diversity and innovation encompassing nationalities, genders, geographies, communities and languages. Celebrated thought leaders, wordsmiths and storytellers from India and 15 other countries, will explore issues at the heart of fiction, poetry, mathematics, economics, communications, business, sport, health, history, art, society, nature, food, with fresh and unique perspectives that characterize the Litfest. Participants will include Abanti Sankaranarayanan, Anuja Chauhan, Arjun Raj Gaind, Gulzar, Gurcharan Das, Faye D’Souza, Jerry Pinto, Kunal Vijayakar, Luke Coutinho, Mani Shankar Aiyar, Manoranjan Byapari, Marcus du Sautoy, Meeran Chadha Borwankar, Mehdi Hassan, Michel Bussi, Prahlad Kakar, Peter Frankopan, Rajdeep Sardesai, Ranjit Hoskote, Sam Miller, Shanta Gokhale, Shashi Tharoor, Shobhaa De, Sudha Murty, Tenzin Tsundue, Vivek Shanbhag, Zac O’ Yeah, Zai Whitaker among others. The Festival highlights will never fade: the prestigious Poet Laureate, Lifetime Achievement, and Literary Awards; the packed-hall Great Debate; an introduction to a language other than English (Kannada this year); 14 book launches; gripping indoor and outdoor stage performances; the fully subscribed workshops and the popular Book Swap.

periodic showers being recorded in Mumbai and its neighbouring townships over the past week. “Generally cloudy sky with moderate rain or thundershowers in Mumbai city and suburbs," the BMC posted on social media platform X.

chargesheet filed against Pakistani-origin Canadian businessman Tahawwur Rana in the 26/11 Mumbai terror attacks case, the city police have mentioned that he stayed for two days at a hotel in suburban Powai till November 21, 2008, days before the attacks, an official said. The Mumbai police's crime branch on Monday submitted the over 400-page chargesheet, the fourth in the case so far, before a special court hearing the Unlawful Activities (Prevention) Act (UAPA) cases. Rana, currently under detention in the United States, faces multiple charges for his role in the Mumbai attacks and is known to be associated with Pakistani-American terrorist David Coleman Headley, one of the main conspirators of the 26/11 strikes. The chargesheet mentions that Tahawwur Hussain Rana came to India on November 11, 2008 and stayed in the country till November 21.

Mumbai's iconic Hanging Gardens, a beloved 136-year-old landmark, might soon bear the brunt of infrastructure development within the city. As per a TOI report, a proposal to overhaul a colonial-era reservoir beneath the terraced gardens on Malabar Hill is set to render this cherished spot inaccessible to the public over a phased seven-year period. P Velrasu, the additional municipal commissioner in charge of projects, told TOI, «The plan is to demolish and reconstruct the reservoir over a period of seven years.» This ambitious project is expected to necessitate the dismantling of the entire landscaped area and the relocation of approximately 350 trees to an adjacent plot. In response to vehement objections from local residents, Mumbai's guardian minister and Member of Legislative Assembly (MLA), MP Lodha, has convened a public meeting scheduled for Tuesday to address the concerns.

LandCraft Retail has leased a commercial property owned by actor Salman Khan on Linking Road in Mumbai at a rental of ₹1 crore per month to open a new gourmet store, replacing Food Hall owned by debt-ridden Future Group. The new chain — Food Square — will compete with RP Sanjiv Goenka-owned Nature's Basket and Reliance Freshpik. «We are farmer-entrepreneurs-founders ourselves, running large-scale aquaponics and sustainable soil-based farms in different parts of Maharashtra for more than five years,» said Mayank Gupta, managing director and co-founder of Food Square. He added that the current valuation of the Indian gourmet food market at $1.3 billion with an annual compounded growth rate of 20% «makes it a promising arena». Salman Khan had bought the Linking Road property for nearly ₹120 crore a decade ago to build a commercial premise.Future Retail had leased the space in 2017 for five years at a monthly rental of ₹80 lakh, which was renewed last year for ₹90 lakh.

ONGC) has signed an agreement to sell crude oil it produces from Mumbai offshore fields to HPCL — the second such agreement in as many months, as India's top oil and gas producer prefers term contracts over auctions where refiners hammer deep discounts. In a post on X, formerly known as Twitter, ONGC said it has inked 'term agreement with HPCL for sale of crude oil from Mumbai offshore.' While it did not give details, sources aware of the matter said the pact for sale of about 4.5 million tonnes per annum of crude oil to Hindustan Petroleum Corporation Ltd's (HPCL) Mumbai refinery. «This is the second term agreement sealed for sale of Mumbai Offshore crude oil post marketing freedom,» ONGC said. Last month, ONGC had signed a similar pact to sell 4 million tonnes per annum plus an optional 0.5 million tonnes of crude oil to Bharat Petroleum Corporation Ltd (BPCL), which too has a refinery to convert the crude oil into fuels like petrol and diesel at Mumbai. ONGC produces 13-14 million tonnes per annum of crude oil from its fields in the Arabian Sea, off the Mumbai coast. In June last year, the government abolished a rule that said oil from blocks awarded prior to 1999 must be sold to government-nominated customers, mostly state refiners.

Mumbai airport will remain closed for six hours for maintenance works on October 17 and during this period, there will be no flight operations.

domestic flights and 6,960 international air traffic movements last month. Delhi, Bengaluru, and Chennai emerged as the top domestic destinations in August, while Dubai, London, and Abu Dhabi were the most preferred international destinations from the airport.

Mukesh Ambani's broadcasting unit Viacom18 is set to sign a lease deal with Blackstone-owned Nucleus Office Parks for its new headquarters in Mumbai, spread over 400,000 square feet, six sources familiar with the matter said. Viacom, which runs TV channels and digital streaming platform JioCinema, competes with the likes of Walt Disney in India. Its new headquarters will be spread across roughly eight floors spread across the «One International Center» complex in Mumbai's business district of Lower Parel. «It is a marquee deal in terms of area.

National Highway Authority of India (NHAI) inaugurated a 244 km stretch of Delhi-Mumbai Expressway between Jhabua of Madhya Pradesh to Modak of Rajashtan, near Jhalawar, on Wednesday i.e September 20, 2023. The new stretch of the expressway is passing through Madhya Pradesh covering several districts in the western region. This new road connectivity for the state passing through Jhabua, Mandsaur and Ratlam districts in Madhya Pradesh, connecting major cities, including Garoth, Jaora, Ratlam, and Thandla will open a direct conduit to New Delhi, the national capital and, Mumbai, the financial capital of the nation, the Times of India reported.

Himanshu Vidhani joins the law firm Chandhiok & Mahajan(C&M) as a partner for litigation and dispute practice at the Mumbai operation from Khaitan & Co. His practice involves insolvency & restructuring, contractual claims, shareholders and investor disputes and international commercial arbitrations. An alumnus of Jaipur National University, Vidhani started his career with law firm Wadia Ghandy & Co. in June 2013.

Shubhneet Singh, popularly known as Shubh, has found himself in the midst of controversy as he gears up for his upcoming concert in Mumbai. The turmoil stems from allegations of his support for Khalistani separatist elements, which has led to consumer lifestyle brand BoAt to pull out their sponsorship from Shubh’s Mumbai concert.

Mumbai's traffic authorities have issued restrictions on heavy vehicles and private buses to ensure smooth traffic flow. The restrictions will be in effect on various dates in different parts of the city.South Mumbai Restrictions On September 21, 24, 26, and 29, heavy vehicles and private buses will not be allowed to enter or ply on the roads in South Mumbai.

Heavy rains in Gujarat, Maharashtra and Madhya Pradesh severely impacted train schedules on the Mumbai-Delhi sector yesterday, particularly on the Western Railway. Bridge No. 502, which spans the River Narmada between Bharuch and Ankleshwar, is experiencing water levels above the danger mark, exceeding 40 feet.

traffic restrictions will be in place in different parts of Mumbai during Ganesh Chaturthi celebrations starting from September 19, but there will be no curbs on vehicles supplying essential commodities. Idol immersion processions, which take place on different days of the festival starting from the second day, attract massive crowds of devotees as people from all over the city and also outside come to witness the grand event, leading to a surge in pedestrian and vehicular traffic, which may be aggravated by plying of heavy vehicles and private buses, a traffic department official said. Therefore, some traffic arrangements have been made for heavy vehicles and private buses from September 19 to 29, he said. There shall be complete restriction on movement of all types of heavy vehicles and private buses in south Mumbai on September 21, 24, 26 and 29, said the official. On other days between September 19 and 29, heavy vehicles are allowed to ply in south Mumbai between 00:00 hours and 07:00 hours, he said.

Ganesh Chaturthi, the vibrant festival that marks the birth of Lord Ganesha, is just around the corner and with it communities across India are eagerly decking the halls, quite literally, with creative and eco-friendly decorations to celebrate the special occasion on September 19.

Ganeshotsav is in full swing in Mumbai, and this year's festivities promise to be more exciting than ever. With increased budgets, better provisions for devotees, enhanced security measures, digital-friendly darshans, and more, the city is abuzz with anticipation.

Vande Bharat Exp 20902 Gandhinagar-Mumbai Vande Bharat Exp 12009 Mumbai - Ahmedabad Shatabdi Exp 12010 Ahmedabad- Mumbai Shatabdi Exp 19015 Dadar - Poarbandar Saurashtra Exp 12934 Ahmedabad -Mumbai Karnavati Exp 12932 (Ahmedabad-Mumbai AC Double Dekar Exp 82902 Ahmedabad-Mumbai Tejas express 22954 Ahmedabad-Mumbai Gujarat Superfast Exp 12933 Mumbai -Ahmedabad Kanvati Exp 12931 Mumbai-Ahmedabad AC Double Deker Exp 82901 Mumbai-Ahmedabad Tejas exp 12471 Bandra Terminus-Sri Mara Vaishnodevi Katra Swaraj Exp 12925 Bandra T -Amritsar Paschim Exp 09172 Bharuch -Surat MEMU Spl" In another tweet, it was informed that the helpline Numbers have been set up to assist passengers in getting train-related informations. Following heavy rainfall in the catchment areas and the release of water from the Sardar Sarovar Dam in Narmada, eight trains that connect Vadodara to Ekta Nagar, the site of the Statue of Unity, were canceled for a day.

International Realty on Sunday said it has bagged a mandate to sell ₹800 crore worth ultra-luxury apartments at Worli in Mumbai. In a statement, India Sotheby's International Realty said it has signed an exclusive sales and marketing mandate with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences.Prime Realty is the developer of this project. These residences are ready with completion and occupancy certificates, it added. The price of these luxury residences starts at ₹60 crore each.